The domestic equity markets are expected to open flat with a slight positive tilt on Tuesday, May 6, as indicated by GIFT NIFTY futures, which point to the NIFTY50 opening about 10 points higher. A flurry of corporate earnings announcements, a major market debut, and a significant shareholder vote at Tata Motors are likely to steer investor sentiment through the trading day.
Over 50 companies are scheduled to report their earnings for the March quarter (Q4 FY25) today. The line-up includes notable names such as Bank of Baroda, CG Power and Industrial Solutions, Aadhar Housing Finance, BSE Ltd, Aarti Drugs, JBM Auto, Tamilnadu Petroproducts, Quick Heal Technologies, Polycab India, and One 97 Communications (Paytm). Market participants are expected to closely track these results for cues on sectoral performance and future outlook.
Ather Energy will make its much-anticipated market debut on both the National Stock Exchange (NSE) and the BSE at 10 am. The electric two-wheeler maker’s listing comes amid increasing investor interest in the EV segment, and the performance of its shares will be watched as a bellwether for sentiment in the broader clean mobility sector.
Among companies that have already declared their quarterly results, Bombay Dyeing & Manufacturing Co Ltd reported a steep decline of 82.6% in its consolidated net profit, which stood at ₹11.54 crore in Q4 FY25 as compared to ₹66.46 crore in the same quarter last year. The company’s total income also fell by 12.42% to ₹395.47 crore, while expenses were logged at ₹382.78 crore, exerting further pressure on profitability.
In contrast, DCM Shriram Ltd reported robust earnings, posting a 52% rise in its consolidated net profit to ₹178.91 crore, up from ₹117.80 crore a year ago. The company also saw its total income increase to ₹3,040.60 crore in the January–March quarter from ₹2,555.23 crore in the same period the previous year. For the full fiscal year 2024–25, net profit rose to ₹604.27 crore.
Jammu & Kashmir Bank, however, posted a decline of over 8% in net profit to ₹584.54 crore for Q4 FY25 compared to ₹638.67 crore in the year-ago period. That said, the bank managed a 10% sequential improvement over the previous quarter. Total income rose to ₹3,616.16 crore from ₹3,134.74 crore year-on-year, though higher employee costs led to a spike in total expenses to ₹2,816.14 crore.
Debt-laden telecom operator MTNL continued to struggle, disclosing that it had failed to meet the interest payment obligations on ₹6,100 crore worth of sovereign-guaranteed bonds. Issued in November 2022, these non-convertible debentures were supposed to be serviced via an escrow account as per a Tri-Partite Agreement with the Department of Telecommunications (DoT) and Beacon Trusteeship. The company’s inability to fund the semi-annual interest in time reflects its ongoing liquidity crisis.
In the hospitality space, Indian Hotels Company Limited (IHCL), a Tata Group company, reported a 28.4% rise in consolidated net profit to ₹562.66 crore in Q4 FY25. Revenue from operations surged 27.3% year-on-year to ₹2,425.14 crore. However, the company’s total expenses also grew significantly to ₹1,764.26 crore, up from ₹1,416.77 crore in the same period a year earlier.
Defence and aerospace firm Paras Defence and Space Technologies announced the signing of a Memorandum of Understanding (MoU) with Israel-based Hevendrones Ltd. The partnership aims to expand business in both Indian and global defence markets, signalling the company’s intent to grow its international footprint in the high-tech drone and defence systems space.
Glenmark Pharmaceuticals and its partner Ichnos Sciences scored a regulatory win with the US FDA granting Fast Track designation for their drug candidate ISB 2001. The designation is intended for the treatment of relapsed or refractory multiple myeloma in adults who have undergone at least three prior lines of therapy. The development boosts the company’s oncology pipeline and is likely to be viewed positively by investors.
IT services provider Cyient Ltd disclosed that its US-based subsidiary, Cyient Inc., had received a regulatory order imposing a penalty of $26,779.74. The company did not detail the nature of the infraction but acknowledged the penalty in a stock exchange filing.
Tata Motors is expected to be in sharp focus today as shareholders vote on a proposal to demerge the company’s passenger and commercial vehicle businesses into two distinct entities. The demerger aims to streamline operations and unlock shareholder value. Under the proposed structure, the passenger vehicle division, which includes internal combustion engine (ICE) models, electric vehicles, and the Jaguar Land Rover (JLR) business, will be housed under Tata Motors Light Passenger Vehicles (TMLPV). Meanwhile, the commercial vehicle segment will operate as Tata Motors Light Commercial Vehicles (TMLCV).
Coforge Ltd also reported its Q4 earnings on Monday, posting a 16.5% year-on-year rise in consolidated net profit to ₹261 crore. Revenues rose sharply by 47% year-on-year to ₹3,410 crore, while sequential growth stood at 4.6%. The strong performance reinforces investor confidence in India’s mid-cap IT space amid global demand for digital transformation services.
As markets open, investor attention will be divided among key earnings, the debut of Ather Energy on the bourses, and the outcome of Tata Motors’ restructuring vote. With sentiment buoyed slightly by expectations of strong performance from frontline companies, and the NIFTY50 set for a mildly positive start, trading is likely to remain stock-specific through the day.
